Tootie Pie Company Operating Results Improve 41% in Latest Quarter

BOERNE, TX--(Marketwire - 11/16/09) - Tootie Pie Company, Inc. (OTC.BB:TOOT - News), a premium baker and seller of high-quality, handmade pies, reported revenues of $239,691 for the current quarter. Operating results for the quarter improved 41% to a net loss of $139,165, as compared to a $236,545 loss for the quarter ended September 30, 2008. Don Merrill, Tootie Pie Company's President & CEO, said, "I continue to be pleased by how well we have responded to the US economic downturn. Off season sales have held up well and our cost saving measures continue to produce better bottom line results; bringing us closer to achieving our operational goals for these months."US economic conditions contributed to an 8% drop in revenues for the current quarter, which compared to $262,225 for the quarter September 30, 2008. Selling, general and administrative expenses dropped 28%, to $288,053 for the current quarter, down from $401,369 for the same quarter in 2008. The drop in SGA expenses is a direct result of cost cutting measures enacted by the Company beginning in early 2009."October sales were up 15%. As we head into our busiest selling season, indications are that this could very well be the best holiday season ever for the Tootie Pie Company," added Merrill.Gross profit was down 8% to $149,338 for the current quarter, versus $161,994 for the quarter ended Sept. 30, 2008. Gross margin after depreciation remained steady at 62% of net sales for the quarter ended September 30, 2009 compared to 62% for the quarter ended Se...
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TOOTIE PIE COMPANY, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD-LOOKING STATEMENTS DISCLAIMER This report on Form 10-Q contains forward-looking statements that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in our annual report on Form 10-K and other reports we file with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this report to conform these statements to actual results or to changes in our expectations, except as required by law. This discussion and analysis should be read in conjunction with the unaudited interim financial statements and the notes thereto included in this report, and our annual report on Form 10-K for the fiscal year ended March 31, 2009. Overview On June 16, 2005, we incorporated in the State of Nevada. On September 9, 2005, we purchased the rights, recipes, customer lists, and certain equipment of a sole proprietor located in Medina, Texas for $50,000 in cash and the issuance of 600,000 shares of common stock valued at $150,000. Our fiscal year end is March 31. On August 11, 2009, we entered into an Asset Purchase and Sale Agreement to purchase certain business assets held by two Benny's Bagels stores located in San Antonio, Texas. On October 8, 2009, the Asset Purchase was completed. These assets included: · inventory of the business; · all furniture, fixtures and equipment of the business; · customer files, including names, addresses and telephone numbers; · the telephone numbe...
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Tootie Pie Adds Kehe Food Distributors

BOERNE, TX--(Marketwire - 10/21/09) - The Tootie Pie Company, Inc. (OTC.BB:TOOT - News), a premium baker and seller of high-quality, handmade pies, is pleased to announce that its pies will be carried by grocery distribution leader Kehe Food Distributors, expanding its national distribution growth plans to 16 wholesale distributors. Founded in 1952, Kehe Food Distributors is a leading U.S. distributor of natural and specialty food products that fit the lifestyle of today's consumer. Kehe distributes more than 40,000 products -- including natural and organic, international, specialty, perishable, Kosher, and Latin American food items -- to more than 15,000 retail outlets in 49 states, Mexico and the Caribbean."As one of the largest grocery distributors in the country, Kehe represents a huge opportunity for us as we continue to expand our upscale grocery business," said Don Merrill, President & CEO, the Tootie Pie Company, Inc. "Fresh on the heels of our success with HEB, we are eager to make Tootie Pies available to the more discriminating consumer in markets served by high end grocery store chains."Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale s...
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Tootie Pie at the Movies

BOERNE, TX--(Marketwire - 10/07/09) - The Tootie Pie Company, Inc. (OTC.BB:TOOT - News), a premium baker and seller of high-quality, handmade pies, is pleased to announce that its pies are now carried in Alamo Drafthouse Cinemas. Alamo Drafthouse currently has seven locations operating, with two under construction. There are four units in Austin, one in Houston and nearby Katy, and one in San Antonio with theatres under construction in San Antonio and Winchester, Virginia. The average theatre has four to ten screens and seating capacity of up to 1,300 per complex."We regularly have articles written on the food, presentation, quality and diverse menu selections in each of our markets," said John Martin, President and CEO of Alamo Drafthouse. "We are very proud of our handmade dishes."Don Merrill, President and CEO of Tootie Pie Company, Inc., added, "Certainly, we are pleased to be picked by Alamo Drafthouse, a company who values providing their customers with a high quality experience, coupled with high quality foods like Tootie Pie."Tootie Pie Company is a public company traded on the NASDAQ OTC market under the symbol "TOOT." For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.comTootie Pie Company bakes and sells high-quality, handmade pies t...
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TOOTIE PIE COMPANY, INC. Financials

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Tootie Pie to "Waltz Across Texas" With HEB

BOERNE, TX--(Marketwire - 08/27/09) - The Tootie Pie Company, Inc. (OTC.BB:TOOT - News), a premium baker and seller of high-quality, handmade pies, is pleased to announce that its pies will be sold in 26 new HEB stores, bringing the total HEB locations to 40, including the original eight HEB Central Market stores. The new locations are located in: Beaumont, Cypress, League City, Houston, Missouri City, Lake Jackson, Brenham, College Station, Friendswood, Kingwood, Woodlands, Katy, Austin, Sinton, McAllen, Copperas Cove, Corpus Christi, Waco, Brownsville, Bulverde, Cedar Park and San Antonio, Texas. Based in San Antonio, Texas, HEB is one of the largest independent grocery chains in the United States. With hundreds of stores in more than 150 communities in Texas, HEB serves millions of customers in Texas and Mexico."We are thrilled with these new HEB locations and the cities they represent. Success begins in your own backyard, and Texas is a very large backyard for Tootie Pies!" said Don Merrill, President & CEO, the Tootie Pie Company, Inc. "Having Tootie Pies available in so many new cities not only introduces them to new customers, but it provides our current customers with convenient locations close to home."Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that p...
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Tootie Pie Company Tacks On Another SYSCO Region

BOERNE, TX--(Marketwire - 08/25/09) - The Tootie Pie Company, Inc. (OTC.BB:TOOT - News), a premium baker and seller of high-quality, handmade pies, is pleased to announce its pies are now being carried by the SYSCO Longview, Texas operating company. Tootie Pies are currently stocked in eight SYSCO regions including: SYSCO Dallas, Houston, San Antonio, Austin and now Longview, TX; as well as SYSCO St. Louis, MO, Atlanta, GA and Jackson, MS. "We are always happy to sell more Tootie Pie in Texas," said Don Merrill, President & CEO, "and we appreciate the growing confidence placed in us by SYSCO."Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the NASDAQ OTC market under the symbol "TOOT." For additional information or to receive correspondence from Tootie Pie Company, please visit ...
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Tootie Pie Company Reports Dramatic Improvement in First Quarter Operating Results

BOERNE, TX--(Marketwire - 08/14/09) - Tootie Pie Company, Inc. (OTC.BB:TOOT - News), a premium baker and seller of high-quality, handmade pies, announced the results of their operations for the three months ended June 30, 2009. Tootie Pie Company reported revenues of $258,336 for the current quarter, as compared to $298,223 for the quarter June 30, 2008. The result is a 13% drop in sales for the current quarter. The decrease from the prior year period was primarily attributable to current US economic conditions.Don Merrill, Tootie Pie Company's President & CEO, commented, "All things considered, I am pleased that our sales were fairly flat to last year. Sales this time of year come almost entirely from our existing wholesale customers and we all know that the restaurant business has taken some major hits over the last several months. So far, we are seeing a slight lift in sales, beginning in July, with a solid 4th of July in retail and corporate sales. I am especially encouraged by the pick up in corporate sales this time of year, as it may indicate better things ahead, as we look ahead to the traditional corporate giving season."Net losses for the quarter dropped to $140,150, as compared to $230,944 for the quarter ended June 30, 2008; a 39% improvement. Cash flow from operations reached a near break even point, coming in at a small operational cash flow loss of $4,789 for the current period versus $281,360 in negative cash flow for the same period in 2008.General and administrative expenses dropped 24%, to ...
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TOOTIE PIE COMPANY, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD-LOOKING STATEMENTS DISCLAIMER This report on Form 10-Q contains forward-looking statements that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in our annual report on Form 10-K and other reports we file with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this report to conform these statements to actual results or to changes in our expectations, except as required by law. This discussion and analysis should be read in conjunction with the unaudited interim financial statements and the notes thereto included in this report, and our annual report on Form 10-K for the fiscal year ended March 31, 2009. Overview On June 16, 2005, we incorporated in the State of Nevada. On September 9, 2005, we purchased the rights, recipes, customer lists, and certain equipment of a sole proprietor located in Medina, Texas for $50,000 in cash and the issuance of 600,000 shares of common stock valued at $150,000. Our fiscal year end is March 31. Business Trends We manufacture, market and sell "high end" pies. We have three sales channels; retail, corporate and wholesale, that each focuses on a different customer base. Our retail market is comprised of individual consumers through in-store sales at our Boerne storefront, orders via telephone and internet orders from our website. Our corporate market is comprised of businesses that purchase our pies for gifts, events and/or persona...
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